morning thoughts..

We said of the bounce and more selling pressure , with a two side movement and the markets panned and moved as said , yet again a perfect obligation.
Technically the markets have thrown an indecisive structure and could see some more bounce in coming sessions , followed by yet again some selling pressure at higher levels.
So we are heading into volatile times where volatile swings and reactions will be the order of the day and one can witness a probable two sided move again.
On the pullback the sensex is likely to face stiff resistance around 17100 levels and nifty around 5050 levels , from where a reaction is not ruled out.
On the lower side our crucial level has played like a magic levels and the indices have bounced from just close to 16790 levels, which now remains a crucial point for downfalls and a stoploss for all longs.
From a trading point of view , one must keep the crucial levels in mind and be cautious and quick.
The supports for the nifty is at 4925 levels and resistance at 5050 levels.
The supports for the sensex is at 16790 levels and resistance at 17100 levels.


Stocks to watch

Rolta , voltas , sesa goa looks good


Yesterday’s calls sent via sms and messenger

Unitech – sell at cmp 101.20 sl 102.50 targets 97 , went 94.30

Suzlon – sell at cmp 88.10 sl 89.50 targets 85 , went 83.80

Gail – buy at cmp 366.50 sl 363 targets 372 , hit sl

Nifty 5000 pe – buy at cmp 125 sl 114 targets 143 , went 185.50

Nifty – sell at cmp 5021 sl 5035 targets 4985 , went 4918.10

Unitech 100 pa – buy at cmp 4.50 sl 4.10 targets 5.75 , went 8.90

Punter Suashis diamonds – buy at cmp 266 sl x targets x – 3 days (booked full profits at 290 the same day)

Fii Fcs software – buy at cmp 104.50 sl x targets x – 3 days (booked full profits at 111 the same day)

Dii Lupin – buy at cmp 1181.35 sl x targets x – 3 days (booked full profits at 1210 the same day)

Jackpot Dolpin offshore – buy at cmp 311.25 sl x targets x – 3 days (booked full profits at 322 the same day)